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Suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy.
Explain how to conduct a test of hypothesis on each of the independent variables. Would you consider deleting any of the variables? if so which one?
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
An individual purchases quantities a, b, and c of three different commodities whose prices are p, q, and r, respectively. The consumer spends m dollars, where m > 2p, and the utility function is given by. Show that the optimal expenditure on the seco..
congress decides to reduce our dependence on foreign oil by imposing a $.50 tax on each gallon of gasoline at the pump. Elucidate briefly what kind of supply and demand elasticity for gasoline must be present in the U.S. market, in order for this..
If the supply curve for aspirin is perfectly elastic, then a reduction in demand will cause the equilibrium price to:
Change the solution to 3A to display the three lowest day/shift combinations. Present the name of the day in Spanish and English in this result set.
Why is he disappointed that the winning contractor provides less than the desired level of services?
Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply. a...
A.) Calculate execution time of a program on a 2 GHz processor. B.) Find global CPI of the program. C.) If number of load instructions can be reduced by one-half, what is the speed up and CPI?
Paula has set aside $60 monthly budget to attend plays and watch movies. She likes plays exactly three time as much as she likes movies. Draw her indifference curves.
Suppose there are two closed economies: Economy A and Economy B. Economy A has a high average rate of time preference relative to economy B’s low average rate of time preference. Describe the differences you would expect to see with respect to intere..
Ken Downing behaves according to Irving Fisher's two-period model. Consumption in both periods is a normal good for Ken. Ken is initially a saver in period one.
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
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